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car marketUSA Today
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80% Informative
Cars have long been a key component of the U.S. economy.
While sales of new and used cars are climbing, loan delinquencies and repossessions have also risen.
Experts say the combination reflects decisions made by pandemic-era buyers to overpay for vehicles.
Ford , the top seller last month , sold more than 171,000 vehicles in August , up 12% from a year ago .
Pandemic-era buyers overpaid and are now being squeezed by higher car insurance and gas prices.
During the pandemic, some dealers were charging and getting from some buyers $ 20,000 above sticker price.
Now, some drivers are stuck with used trucks or SUVs that are worth significantly less than comparable new ones.
VR Score
81
Informative language
80
Neutral language
51
Article tone
informal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5
Affiliate links
no affiliate links